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Herbert Hoover's presidency is often mythically mischaracterized as a period of strict nonintervention in the economy. However, it was in fact defined by a series of economic maneuvers that not only deviated from laissez-faire ideology, but also significantly contributed to the onset of the Great Depression. He initiated his term in 1929 with a proactive push by establishing the Federal Farm Board and later the Reconstruction Finance Corporation. These testified to...

Overview: After surging at the last week, the dollar consolidated yesterday and is continuing to do so today as slightly lower levels. The Swiss franc is the only G10 currency unable to gain traction against the greenback today. Still, the dollar's pullback has barely met the minimum retracement targets of the jump last Thursday and Friday. The PBOC lower the dollar's fix slightly, but the proverbial toothpaste is out of the tube and officials are struggling to...

According to “Britannica,” multiculturalism is “the view that cultures, races, and ethnicities, particularly those of minority groups, deserve special acknowledgment of their differences within a dominant political culture. See this. In fact, “multiculturalism is a gigantic hoax. The people behind it, including brain-dead Biden and his gang of neocon controllers, want to impose a totalitarian tyranny on us, telling us whom we can and cannot associate with. If you are...

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The idea that the federal Bill of Rights is the only thing standing between freedom and tyranny in America is deeply ingrained in the American mind. It is ubiquitous in our speech, for instance, as can be seen in how we use phrases like "my Second Amendment rights" or "I want to plead the Fifth [Amendment]." It is also assumed that unless the federal Supreme Court has intervened to declare that a legal right exists, then the right is virtually non-existent within the...

The Mises Institute will host a one-day Libertarian Scholars Conference on March 20, 2025 in Auburn, Alabama. The first Libertarian Scholars Conference was held in New York City in 1972 under the aegis of the Center for Libertarian Studies. The conference was held annually (except for 1973) throughout the 1970s in New York or Princeton, New Jersey (1977, 1978), with the 8th and last “national” conference taking place at the Hotel Diplomat in New York. In the early...

The 2024 presidential primaries have never been in much doubt, but Vivek Ramaswamy emerged from his presidential campaign poised for the future. In part, Ramaswamy distinguished himself with his criticism of the Federal Reserve. For most of the election cycle, scarcely a word has been said about the Fed by other 2024 presidential candidates. It is therefore worth reviewing what Ramaswamy had to say about monetary policy during his campaign.As Jonathan Newman noted,...

The Austrian Economics Research Conference is the international, interdisciplinary meeting of the Austrian school, bringing together leading scholars doing research in this vibrant and influential intellectual tradition. The conference is hosted by the Mises Institute at its campus in Auburn, Alabama, and is directed by Joseph Salerno, academic vice president of the Mises Institute and professor emeritus of economics at Pace University.The conference begins on...

Utility bills—for electricity, natural gas, water, and garbage—have by long-standing tradition been based on customer usage, measured in kilowatt-hours of electricity, therms or Btu of natural gas, hundred cubic feet of water, or number of garbage cans. Every residence and business has electric, gas, and water meters that measure utility usage.But changes are afoot in the utility business as federal and state governments urge Americans to convert from fossil fuels to...

For lower income folks the landing is already hard. Chief investment strategist at Charles Schwab Liz Ann Sonders posted on X (and reported by Almost Daily Grant’s) that the tally of domestic temporary help employees slipped to a three-plus-year low of 2.748 million down from 3.181 million as of March 2022. The 14% comes in 4th in the category’s downward drops percentage-wise since 1990; to the early 2000s, the 2008 financial crash and the Covid debacle, each...